02:05 PM EDT, 06/06/2024 (MT Newswires) -- SecureWorks' ( SCWX ) shares climbed 17.8% in recent Thursday trading after the company reported fiscal Q1 non-GAAP earnings of $0.05 per share, swinging from a non-GAAP loss of $0.20 a year earlier.

Three analysts polled by Capital IQ forecast a normalized loss of $0.01 per share.

Revenue for the quarter ended May 3 was $85.7 million, down from $94.4 million a year earlier.

Two analysts surveyed by Capital IQ projected $84.3 million.

SecureWorks ( SCWX ) said it expects fiscal Q2 non-GAAP earnings of $0.00 to $0.02 per share on revenue of $80 million to $82 million. Analysts polled by Capital IQ are looking for normalized EPS of $0.01 and revenue of $81 million.

The company also said it now expects fiscal 2025 non-GAAP net income of $0.03 to $0.09 per share, compared with $0.00 to $0.08 previously. Four analysts surveyed by Capital IQ are expecting $0.05.

Revenue estimates are unchanged at $325 million to $335 million. Analysts polled by Capital IQ expect revenue of $330.3 million.

Price: 6.89, Change: +1.04, Percent Change: +17.78